What happens when you realise your ageing parents may not have enough money for retirement? Providend CEO Christopher Tan joins Andrea Heng to discuss the options when parents face a retirement shortfall. From tighter budgeting to leveraging the family home, learn how adult children should assess their own finances before deciding how much support they can afford to give.
Highlights:
00:00 Intro
03:59 What to check first
06:19 Finding more retirement income
09:42 Should retirees invest their surplus?
14:25 Funding essential retirement expenses
16:53 Protect yourself before helping parents
19:27 What if there’s still a shortfall?
21:10 Three retirement scenarios
26:43 Are you giving parents too much?
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